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19 May 2004 Angelo Coppola

Some interesting appointments.

Michael Leeming has been appointed as an independent non-executive director of Glenrand M.I.B. with effect from 7 May 2004.

Petrus Badenhorst has been appointed managing director of Claims By Design within Glenrand M.I.B Limited , with effect from 1 May 2004.

Thabo Mabeta has been appointed principal consultant at Glenrand M.I.B Benefit Services, with effect from 1 May 2004.

Quick Polls

QUESTION

There are countless articles written about South Africa’s poor retirement outcomes. Which of the following would you single out as the biggest contributor to local savers not accumulating enough to buy an adequate and sustainable pension?

ANSWER

Lack of personal accountability
Poor participation in formal retirement funds
Reluctance to seek financial advice early on
SA’s high unemployment rate
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